Evidence: Low25/100

Adspert Ecommerce Pricing Optimization Using Amazon SageMaker

Adspert, a Berlin-based ISV, developed a pricing tool to optimize product prices dynamically on ecommerce marketplaces to maximize product visibility and seller profits. Challenges included the need for near-real-time pricing decisions to increase product visibility amidst rapidly changing prices. The solution used Amazon SageMaker to train and deploy a Scikit-Learn Random Forest model predicting product visibility based on competitive pricing and other factors. AWS Glue performed ETL and data preparation, AWS Lambda optimized price recommendations, and Amazon RDS, S3, and SQS were used for data management and processing. The architecture enabled automated training and near-real-time inference to recommend optimal prices balancing sales volume and margins, increasing seller profitability.

Organization
Adspert
Industry
Retail
Location
Germany
Published
August 2022

Reported outcomes

Strategic outcomes

New product / capabilityAutomated dynamic pricing optimizationSpeed & agilityNear-real-time repricing of productsCompetitive differentiationImproved seller competitivenessCost efficiencyCost-efficient model training and deployment
Why do we believe this deployment?Customer identity, provider attribution, maturity, and source checks
Customer
Adspert
Provider
AWS
Maturity
Unknown

No explicit deployment-stage evidence found.

Customer identity supportedSource describes one deploymentMaturity evidence evaluated

Primary read

Use case focus

Showing 3 of 3

  • 1Pricing Optimization
  • 2Real-time Inference
  • 3Machine Learning
  • Automate product pricing optimization in ecommerce marketplaces to maximize visibility and profits.
  • Handle large volumes of data from multiple platforms and competitors in near-real time.
  • Balance between sales volume and profit margin for pricing recommendations.
  • Leveraged Amazon SageMaker for training a Random Forest model predicting product visibility according to pricing and competitor data.
  • Implemented AWS Glue for complex, large-scale ETL tasks and real-time data transformation.
  • Used AWS Lambda to optimize price recommendations and update marketplace product prices through API.
  • Managed data ingestion and storage with Amazon RDS, S3, and SQS utilizing change data capture for real-time processing.
  • Achieved near-real-time repricing of products leading to increased visibility and maximized profits for sellers.
  • Enabled cost-efficient model training on billions of daily transactions and seamless deployment via SageMaker.
  • Improved seller competitiveness and profitability in dynamic ecommerce environments.
Architecture

The system ingests product listing data into Amazon RDS and an Amazon SQS queue, uses AWS Database Migration Service for change data capture into a data lake on Amazon S3. AWS Glue performs ETL and transforms large-scale data for training and real-time inference with an Amazon SageMaker endpoint hosting a Scikit-Learn Random Forest model. AWS Lambda optimizes final pricing and updates marketplace APIs.

Sources & evidence1
Evidence: Low25/100Evidence strength
  • Customer explicitly identified
  • Technical implementation details available
Type: Blog PostPublished: Aug 4, 2022Publisher: AWS Machine Learning BlogEvidence: VendorConfidence: Medium

AI-generated summary. Verify important details with the linked sources before relying on this case.

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